SEATTLE (Scrap Monster): UK Steel- the group representing steel sector’s interests and concerns to government called for government’s help in helping the sector overcome the crisis situation created by spike in energy costs. While welcoming the efforts of the government to help out the sector, it demanded clear details about the plans to the rescue of the sector. The lobby group warned that it may be forced to shut down the steel plants in the absence of substantial government aid.
There have been differences between the Treasury and Kwasi Kwarteng, Secretary of State for Business, Energy and Industrial Strategy on offering financial support to power-hungry industries such as steel. The Treasury opposes the idea of bailout to such industries, whereas Kwarteng is believed to have proposed the idea of providing short-term loans or guarantees in support of the ailing sector.
Meantime, industry representatives stated that the loan plan alone will not be of any help to the sector. It urged the government to announce better proposals that would place the UK steelmakers on a level playing field on energy costs, compared to other European counterparts. The government needs to immediately address the long-term issue of higher energy costs for British steelmakers.
|Base Metals||VIEW ALL|
|Alumina 98.5% min||50558.04||12717.8|
|Aluminum Alloy A356||2.70723||0.23|
|Minor Metals||VIEW ALL|
|Ammonium heptamolybdate 54% min||2489611.41||151162.83|
|Ammonium metavanadate 98% min||1605161.61||-330749.64|
|High Purity Metals||VIEW ALL|
|Aluminum ingot purity 9999900||41900.00||0|
|Aluminum oxide purity 9900000||12100.00||0|
|Rare Earth||VIEW ALL|
|Cerium carbonates TREO 45% min, CeO2 / REO 100%||131194.44||1088.1|
|Cerium Metal 99% min||429641.55||3561.48|